Harnessing exaptation and ecosystem strategy for accelerated innovation: lessons from the VentilatorChallengeUK


Type
Article
Change log
Authors
Liu, W 
Beltagui, A 
Ye, S 
Abstract

The COVID-19 crisis has underlined the need for accelerated innovation to rapidly help business solve social problems. These problems require access to capabilities and knowledge that no single organization or existing supply chain possesses. Drawing on the experience of the open innovation and rapid-scale-up achieved by the VentilatorChallengeUK to address a shortage of ventilators required by patients seriously ill with COVID-19, this article develops a framework for accelerated innovation and delivery that crosses traditional industry boundaries. It offers a series of important lessons for how open innovation, exaptation, and ecosystem strategies—backed by a set of enabling initiatives—can be used to solve multi-faceted social and business problems at speed.

Description
Keywords
35 Commerce, Management, Tourism and Services, 3507 Strategy, Management and Organisational Behaviour
Journal Title
California Management Review
Conference Name
Journal ISSN
0008-1256
2162-8564
Volume Title
Publisher
SAGE Publications